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CMA set for showdown with Amazon and Microsoft over cloud dominance

  • January 28, 2025
The competition watchdog could be set for a showdown with Amazon and Microsoft after an independent inquiry group said the regulator should probe the two firms’ dominance in the cloud services market. After launching an investigation into the market in 2023, the inquiry group said today that competition in the £9bn sector was not working [...]
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DeepSeek’s fine, just don’t ask it about Taiwan

  • January 28, 2025
The chaos that DeepSeek has triggered in US markets and among major tech players like Nvidia is because of what it represents. It is a supposedly cheaper, quicker model that apparently doesn’t rely on the tens of billions of dollars other models have required. But what’s it like to use? City AM experimented with a [...]
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Ovo Energy buys brand from billionaire founder in £150m deal

  • January 28, 2025
Ovo Energy has bought its brand from the company’s billionaire founder in a £150m deal. The Bristol-based firm, which is the country’s fourth-biggest household energy supplier, has made the move as part of a wider reorganisation. It was reported last Summer that Ovo Energy was close to hiring bankers to explore fundraising options which could [...]
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Stella McCartney buys back LVMH stake in her eponymous fashion brand

  • January 28, 2025
Stella McCartney has bought back LVMH’s 49 per cent stake in her fashion brand, which the luxury giant has held for five years. McCartney will continue to advise LVMH chief Bernard Arnault and the group’s executive team on sustainability issues as global ambassador on sustainability. “This new chapter for Stella McCartney reflects her desire to [...]
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XRP Climbs 11% In Rally

  • January 28, 2025
- XRP was trading at $3.1028 by 02:51 (07:51 GMT) on the Index on Tuesday, up 10.52% on the day. It was the largest one-day percentage gain since...
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Wickes: Retail sales drive growth as big-ticket purchases slide

  • January 27, 2025
Wickes has reported an uptick in the revenue for the second half of the year, driven by small retail purchases, despite continued losses in its installation segment. Revenue at the home improvement firm rose by 1.8 per cent in the six months ending December 28, to £738.9m. This was driven by growth in its retail [...]
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